Broadridge Financial Solutions Q4 Profit Rises - Quick Facts

(RTTNews) - Broadridge Financial Solutions, Inc. (BR) reported that its fourth-quarter net income increased to $134.6 million or $1.09 per share, from $83.4 million or $0.65 per share, last year. Adjusted earnings from continuing operations was $142.4 million or $1.15 per share for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $1.07 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $865.1 million, from $800.3 million a year ago. Analysts expected revenue of $815.84 million for the quarter.

For fiscal 2014, the company anticipates recurring revenue growth in the range of 5% to 7% and total revenue growth in the range of 2% to 4%. The company expects GAAP earnings per share in the range of $1.89 to $1.99, and Non-GAAP earnings per share in the range of $2.00 to $2.10. Analysts expect the company to report fiscal 2014 profit per share of $2.01.